Wednesday, October 10, 2018
Local Hamilton Market Conditions Real Estate Trends
The chart above, Residential Market Activity for RAHB Areas, illustrates how much the average price has changed and it's showing us how much each area has changed since last year at this time. The hot areas remain Hamilton Centre and the Hamilton Mountain.
The Average Residential Price by District graph indicates to us that the areas from Hamilton Bay to the escarpment are doing well (sub areas, 13, 14, 21 & 22). And that they continue to remain a hot area. You're also able to see the average cost of a home for the month of September in each area.
By taking a look at the All Residential Comparison at a Glance chart, we can see that major areas within the RAHB's market are isolated, those areas being Hamilton and Haldimand county. They both saw an increase overall in average sale price. While Burlington and Niagara North experience a decrease in overall sale price.
RAHB reported 948 sales of residential properties and a 4.6% increase over the same month last year. And that The Sales to New Listing Ratio was 50.1% - indicating that the overall residential market for the RAHB area is in a balanced position.
Contact one of our Hamilton Area REALTORS® to assist with properly interpreting the latest Hamilton Real Estate Market Statistical Information in order to enable you to make the best decision.
For more in-depth statistics and additional metrics, please refer to RAHB's Hamilton Residential Market Activity Report for September 2018.
And if you're thinking of selling your home and want to get a better idea of what it will cost, you can use our "What's My Home Worth" calculator. Then you'll want to get in contact with one of our agents. They will be happy to go over the market stats with you and discuss possible next steps.